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Distribution Finalisation Announcement 2 Months Ended 30 April 2024 STXCAP
SATRIX COLLECTIVE INVESTMENT SCHEME
SATRIX CAPPED ALL SHARE ETF
JSE code: STXCAP
ISIN: ZAE000303905
("Satrix Cap")
A portfolio in the Satrix Collective Investment Scheme in Securities, registered as such in terms of the Collective Investment
Schemes Control Act, 45 of 2002.
DISTRIBUTION FINALISATION ANNOUNCEMENT 2 MONTHS ENDED 30 APRIL 2024
The Manager and Trustees of the Satrix Collective Investment Scheme (being Satrix Managers (RF) (Pty) Limited and Standard
Chartered Bank), respectively, have declared a distribution to holders of Satrix Cap securities ('investors') recorded in the register on
Monday, 20 May 2024 in respect of the 2 months ended 30 April 2024.
An aggregate amount of 56.44000 cents (R0.56440) per Satrix Cap security is declared as follows:
Alpha Code: STXCAP Dividend Dividend Dividend *Interest REIT Total
Foreign Foreign
Distribution Source type Local SA Listed SA Listed Local Local
Net Distribution Reinvested No No No No No
Source of Funds (Country Code) ZA GB MU ZA ZA
Subject to Foreign Withholding tax No No No No No
Gross Foreign Rate (cents per unit) 4.31961 0.18404
Foreign Tax % withheld at source
Foreign Tax amount per unit
DTA with Source Country
Foreign Tax Reclaim %
Portfolio/Management Cost
Interest Expense
Other costs
Gross ZA Distribution (Cents per unit) 49.73122 4.31961 0.18404 0.18719 2.01794 56.44000
**Applicable to non-exempt South African shareholders
Gross Local Rate (cents per unit) 49.73122 4.31961 0.18404 0.18719 2.01794
SA Withholding Tax % 20.00% 20.00% 20.00% Note 1
SA Withholding Tax amount per unit 9.94624 0.86392 0.03681
Local Net Rate 39.78498 3.45569 0.14723 0.18719 2.01794 45.59303
Note 1: Distributions by Real Estate Investment Trusts (REITs) are subject to income tax for South African tax residents and for non-
residents it is subject to 20% SA withholding tax. The Gross rate for non-residents is 2.01794 cents per unit and the net rate is
1.61435 cents per unit.
Notice is hereby given that the following dates are of importance in regard to the distribution for the 2 months ended 30 April 2024
by the ETF to holders of Satrix Cap securities:
Last day to trade "cum" distribution: Wednesday, 15 May 2024
Securities trade "ex" distribution: Thursday, 16 May 2024
Record date: Monday, 20 May 2024
Payment date: Tuesday, 21 May 2024
The distribution will be paid on Tuesday, 21 May 2024 to all securities holders recorded in the register on Monday, 20 May 2024.
*Withholding Tax on Interest (WTI) came into effect on 1 March 2015.
Interest accruing from a South African source to a non-resident, excluding a controlled foreign company, will be subject to
withholding tax at a rate of 15% on payment, except interest,
- arising on any Government debt instrument
- arising on any listed debt instrument
- arising on any debt owed by a bank or the South African Reserve Bank
- arising from a bill of exchange or letter of credit where goods are imported into South Africa and where an authorized dealer has
certified such on the instrument
- payable by a headquarter company
- accruing to a non-resident natural person who was physically present in South Africa for a period exceeding 183 days in
aggregate, during that year, or carried on a business through a permanent establishment in South Africa.
Investors are advised that to the extent that the distribution amount comprise of any interest, it will not be subject to WTI by virtue
of the fact that it is listed debt instruments and/or bank debt.
**No dividend withholding tax will be deducted from dividends payable to a South African tax resident qualifying for exemption
from dividend withholding tax provided that the investor has provided the following forms to their Central Securities Depository
Participant ("CSDP") or broker, as the case may be in respect of its participatory interest:
a) a declaration that the distribution is exempt from dividends tax; and
b) a written undertaking to inform their CSDP or broker, as the case may be, should the circumstances affecting the exemption
change or the beneficial owner cease to be the beneficial owner,
both in the form prescribed by the South African Revenue Service. South African tax resident investors are advised to contact their
CSDP or broker, as the case may be, to arrange for the abovementioned documents to be submitted prior to payment of the
distribution, if such documents have not already been submitted.
Non-resident investors for South African income tax purposes
The dividend distribution received by non-resident investors will be exempt from income tax in terms of section 10(1)(k)(i) of the
Act, but will be subject to dividend withholding tax. Dividend withholding tax is levied at a rate of 20%, unless the rate is reduced in
terms of any applicable agreement for the avoidance of double taxation ("DTA") between South Africa and the country of residence
of the non-resident investor.
A reduced dividend withholding rate in terms of the applicable DTA may only be relied on if the non-resident investor has provided
the following forms to their CSDP or broker, as the case may be in respect of its participatory interest:
a) a declaration that the dividend is subject to a reduced rate as a result of the application of a DTA; and
b) a written undertaking to inform the CSDP or broker, as the case may be, should the circumstances affecting the reduced rate
change or the beneficial owner cease to be the beneficial owner,
both in the form prescribed by the South African Revenue Service. Non-resident investors are advised to contact their CSDP or
broker, as the case may be, to arrange for the abovementioned documents to be submitted prior to the payment of the distribution
if such documents have not already been submitted.
Both resident and non-resident investors are encouraged to consult their professional advisors should they be in any doubt as to the
appropriate action to take.
Sandton
08 May 2024
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Date: 08-05-2024 10:59:00
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